KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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Last Price

1.96

Today's Change

-0.06 (2.97%)

Day's Change

1.94 - 2.04

Trading Volume

5,754,400


17 people like this.

15,668 comment(s). Last comment by Chipee 22 hours ago

Posted by Penang_lang > 2 months ago | Report Abuse

Those condemned Kossan ask yourself why EPF buy Kossan not Harta, TopGlove or Supermax.

klee

2,740 posts

Posted by klee > 2 months ago | Report Abuse

Penang lang,I think you misunderstood me.I am being sarcastic.

klee

2,740 posts

Posted by klee > 2 months ago | Report Abuse

Read few comments above me ...lol

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

Lu ho liao ... And lu are correct. Kossan is good. I'm excited to see Q4 result ... But hv to wait Feb 24 ... Some more dragon year ... see got boost on sentiment boh? Hehehe...

Penang_lang

Those condemned Kossan ask yourself why EPF buy Kossan not Harta, TopGlove or Supermax.

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

This current ups and downs ... I take it as normal trading pattern. I ignore it. Does not upset me.

ryoyagod

120 posts

Posted by ryoyagod > 2 months ago | Report Abuse

normal thing for a stock to behave like a wave

Posted by TillyLovers > 2 months ago | Report Abuse

Is Kossan starting a down trend?

ChandranG

203 posts

Posted by ChandranG > 2 months ago | Report Abuse

stagnant instead of downtrend I think ...

ket4212

583 posts

Posted by ket4212 > 2 months ago | Report Abuse

little adjustment!no fuss

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

Covid hospitalization increase in US and Europe. It comes in wave. Hopefully use up all old gloves and restocking is in order.

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

And I see natural gas is ranging around USD2.50. Good.
This was the cost that caused losses to Msia gloves.

ChandranG

203 posts

Posted by ChandranG > 2 months ago | Report Abuse

Lol, Kenanga's TP is ridiculously low

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

I never trust analyst TP. THey have they own agenda.

ChandranG

Lol, Kenanga's TP is ridiculously low

5354_

4,360 posts

Posted by 5354_ > 2 months ago | Report Abuse

EPF: New CEO will be announced in due course
https://theedgemalaysia.com/node/693615

teknikal

171 posts

Posted by teknikal > 2 months ago | Report Abuse

Test my technical knowledge by buying KOSSAN.

Track record for technical play:

1. YTL: Buy 1.49, Sell 1.57 (+5.37%)
2. TOPGLOV: Buy 0.80, Sell 0.795 (-0.63%)
3. KOSSAN: Buy 1.66, open position

Posted by AlphaInvestor > 2 months ago | Report Abuse

From Maybank Research:

Kossan Rubber Industries (KRI MK)
Diversified income to buffer
during crises
Solid and resilient; U/G to tactical BUY
Unlike other pure glove makers, Kossan is blessed with diversified income
(glove & technical rubber products) and a strong balance sheet, providing
a buffer against any negative impact from a gloves sector downturn. We
raise our earnings forecasts by +45% to +138%. Our new TP is MYR2.12
(+53sen) on a higher CY25E PBV of 1.3x (2021-2023 mean; from 1.0x) with
the re-rating to reflect an improved earnings outlook. U/G to tactical BUY.

Likesung

148 posts

Posted by Likesung > 2 months ago | Report Abuse

Topxxxxx upcoming Qr I estimated profit 25m-30m niah due low sales volume

wahidul

182 posts

Posted by wahidul > 2 months ago | Report Abuse

kossan on the rise

teknikal

171 posts

Posted by teknikal > 2 months ago | Report Abuse

Test my technical knowledge by buying KOSSAN.

Track record for technical play:

1. YTL: Buy 1.49, Sell 1.57 (+5.37%)
2. TOPGLOV: Buy 0.80, Sell 0.795 (-0.63%)
3. KOSSAN: Buy 1.66, Sold 1.69 (+1.8%)

wahidul

182 posts

Posted by wahidul > 2 months ago | Report Abuse

covid cases rising

klee

2,740 posts

Posted by klee > 2 months ago | Report Abuse

If msian covid scenario warranted health minister to advise public don masks again in crowded areas,they must know something.

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

Kossan must break resistance 1.85

klee

2,740 posts

Posted by klee > 2 months ago | Report Abuse

Chipee,such a huge daily green candle,full bodied with low 1.6 n closed at highest 1.85,next resistance is 2.1...todays vol is a commendable 50 mil

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

Ya ka? OK lor .. Resistance 2.1 ... I likey :)

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

Ya la .. just checked the MACD .... at breakeven point. Can go higher.

klee

2,740 posts

Posted by klee > 2 months ago | Report Abuse

Spore 32k cases per week n rising.How?

ks5S

4,601 posts

Posted by ks5S > 2 months ago | Report Abuse

i selling , thank you

ks5S

4,601 posts

Posted by ks5S > 2 months ago | Report Abuse

got profit cabut first.
Kossan give Christmas present.

Leward88

69 posts

Posted by Leward88 > 2 months ago | Report Abuse

"New FTSE4Good Bursa Malaysia Index is out, constituent as below:"

1. Kinergy Advancement
2. Gamuda
3. Kawan Food
4. Datasonic Group
5. MSM Malaysia Holdings
6. OCK Group
7. TDM
8. Advanced Synergy
9. Avaland
10. Kossan Rubber
11. Classic Scenic

https://klse.i3investor.com/web/blog/detail/ESGisaNewTrend/2023-12-14-story-h-212402633-FTSE4GOOD_BURSA_MALAYSIA_DECEMBER_2023_SEMI_ANNUAL_REVIEW

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

It's the end of the year. These funds are rebalancing their portfolio. Some are taking profit to provide dividends to their investor or for tax purposes. So these selling is no issue. Wait till early next year. I believe more buying will ensue.

klee

2,740 posts

Posted by klee > 2 months ago | Report Abuse

lows are getting higher,highs are getting higher...it is obvious

klee

2,740 posts

Posted by klee > 2 months ago | Report Abuse

Chipee,they are pushing up ahead of topglove qr to be released on 20.12

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

KLEE, totally agree. I'm looking at nat gas hovering at reasonable price. I believe Qtr4 would be good. And Jan24 nat gas contract is selling below 2.5 ... we will see better result for Q124. It's all up earning from here forth.

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

AS for Topglv .... I'm not counting on them for good result. I hope they can pull through but chance are low bcoz of their size. Supermax didn't come out with a good result and they are the same size as Kossan.

klee

2,740 posts

Posted by klee > 2 months ago | Report Abuse

good that 1.77 was defended successfully,we shall see more upside next week

klee

2,740 posts

Posted by klee > 2 months ago | Report Abuse

Chipee


https://theedgemalaysia.com/node/694007

klee

2,740 posts

Posted by klee > 2 months ago | Report Abuse

Sounds familiar ? :)

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

Nice ... :)

klee
Sounds familiar ? :)

ryoyagod

120 posts

Posted by ryoyagod > 2 months ago | Report Abuse

Wow, suddenly gloves sector shooting up today. Resurgence of COVID-19 cases?

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

Not just that. Glove seeing recovery in demands.

ryoyagod

Wow, suddenly gloves sector shooting up today. Resurgence of COVID-19 cases?

mf

27,756 posts

Posted by mf > 2 months ago | Report Abuse

2023-12-19

Insider

ABRDN MALAYSIA SDN BHD (a substantial shareholder) disposed 1,637,600 shares on 15-Dec-2023.

2023-12-19

Insider

ABRDN MALAYSIA SDN BHD (a substantial shareholder) disposed 625,100 shares on 15-Dec-2023.

2023-12-19

Insider

ABRDN HOLDINGS LIMITED (FORMERLY KNOWN AS ABERDEEN ASSET MANAGEMENT PLC) (a substantial shareholder) disposed 1,637,600 shares on 15-Dec-2023.

2023-12-19

Insider

ABRDN HOLDINGS LIMITED (FORMERLY KNOWN AS ABERDEEN ASSET MANAGEMENT PLC) (a substantial shareholder) disposed 625,100 shares on 15-Dec-2023.

2023-12-19

Insider

ABRDN PLC (a substantial shareholder) disposed 1,637,600 shares on 15-Dec-2023.

2023-12-19

Insider

ABRDN PLC (a substantial shareholder) disposed 625,100 shares on 15-Dec-2023.

Likesung

148 posts

Posted by Likesung > 2 months ago | Report Abuse

No need always to share about covid cases, everyone is so relax just wash hand regularly, wear a mask and practice social distance

Leward88

69 posts

Posted by Leward88 > 2 months ago | Report Abuse

Harsh... Kossan being downgraded to Rm1.38 by PIBB

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

2 good points I'm happy abt from PIBB
- Kossan is set to revamp its old machines and invest in automation, with an anticipated cost >RM100m in FY24F
- Kossan has also implemented workforce reduction, cutting its headcount by c.33% to 4,000 from a total workforce of 6,000 in FY22

Higher productivity and efficiency overall. Catching up with Hartalega. Kossan will show good profitability for now onwards. Kossan actually beat Harta in earnings for Q3.

2 points I disagree with PIBB
- Meanwhile, natural gas cost is expected to climb higher in 1QCY24, attributed to a time lag effect, but it is expected to normalize in the 2HCY24.

Msia Gloves was losing money bcoz natural gas was at USD6 - 9 in 2022. January 2024 contract for natural gas is around USD2.50, which is low and profitable for gloves. Time lag doesn't make sense, Dec contract was higher at USD3. but down to USD2.5 in Jan. Trend is showing downward pricing.

- While we anticipate Kossan to exhibit resilience in the short term, a note of caution is warranted for the long term as China's on-going expansion is likely to further solidify its dominance in the global market, at the expense of Malaysian glove makers’ market share.

Again on quality, especially used in Medical environment. Higher quality also has high shelf life. They can be more choosy now that it's no longer urgent use during COVID time.
Europe and US "de-risking" from China.
China expansion is for China use at the moment. THey are still facing COVID/Pneumonia cases and it's not so much of COVID is serious or not ... it's more of CHina policy of zero-covid target. The gloves are used more by the "men in white suits" spraying and sanatizing the area than doctors.

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

Wah lau ... I had to filter out one by one to check which word/sentence was censor by i3.

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

The word w@rmer was banned ... 😂😂😂😂🤣 ... replace "a" with "@"
Why?

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

Another thing from PIBB
Notably, the operating margin for 3QFY23 at 12.18%, has returned to near the prepandemic level.
This is good. :)

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